Who owns Legg Mason?
Franklin Templeton Investments
Legg Mason/Parent organizations
Franklin Resources (NYSE:BEN), a holding company that operates the investment management firm Franklin Templeton, just acquired competitor Legg Mason in a $4.5 billion deal that now makes the combined firm one of the world’s largest in assets under management.
Is Legg Mason a bank?
Legg Mason was an American investment management and asset management firm headquartered in Baltimore, founded in 1899 and acquired by Franklin Templeton Investments as of July 2020.
What type of business is Legg Mason?
global asset management company
Legg Mason, Inc. is a global asset management company. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.
Does Legg Mason own ClearBridge?
ClearBridge Investments (ClearBridge) is affiliated with Legg Mason Investments (Ireland) Limited through common control and ownership by Franklin Resources, Inc.
Is Legg Mason a good investment?
With solid inorganic growth strategies, Legg Mason LM appears a solid bet now. Shares of Legg Mason have gained 3.4% in the past six months compared with 16.8% growth recorded by the industry. There are also a number of other aspects which make the stock an attractive investment option.
What is Legg Mason sponsored funds?
Legg Mason offers investors an extensive, diversified choice of mutual funds across asset classes and markets worldwide. These funds are actively managed by our platform of nine specialized, independent global asset management affiliates.
What funds does Legg Mason have?
Explore Our Mutual Funds
- Mutual Funds.
- Exchange Traded Funds.
- Closed-End Funds.
- Managed Accounts.
- Money Market Funds.
- Variable Investments.
How do I invest in mutual funds?
You may invest in mutual funds offline in a direct plan of a mutual fund scheme by visiting the branch of the mutual fund house. You can also invest in a regular plan through a mutual fund distributor. You may invest in direct plans of mutual funds online by visiting the website of a fund house.
How much money does Legg Mason have under management?
Historically, Legg Mason’s assets under management as of March 31, 2020 were $730.8 billion. Legg Mason’s gross revenues for fiscal fourth quarter 2020 were $719.6 million. Whether you’re a financial advisor addressing client needs; or you’re running an endowment; or an individual investor planning your financial future, we’re at your side with
Where does Legg Mason emerging markets fund invest?
Emerging markets investment: The fund may invest in the markets of countries which are smaller, less developed and regulated, and more volatile than the markets of more developed countries. Concentrated fund: The fund invests in fewer companies than other funds which invest in shares usually do.
How does Legg Mason Asia unconstrained fund work?
Geographical focus: This fund invests primarily in Asia, which means that it is more sensitive to local economic, market, political or regulatory events in Asia, and will be more affected by these events than other funds that invest in a broader range of regions. Investment in smaller company shares: The fund buys shares in smaller companies.
Who is the parent company of Legg Mason?
As with any acquisition, the pending integration of Legg Mason’s parent company into Franklin Templeton’s, including the global distribution operations at the parent company level, will take time and only commence after careful and deliberate consideration.